Jill Does Not Currently Have a Job, but Has Applied

question 352

Multiple Choice

Jill does not currently have a job, but has applied for several jobs in the previous week. Ken is an unpaid stay-at-home dad who has not searched for work in recent years. Who does the BLS count as out of the labor force?

• A)Jill but not Ken
• B)Ken but not Jill
• C)Jill and Ken
• D)neither Jill nor Ken

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Definitions:

Abatement Costs

Expenses incurred by firms to reduce environmental negatives, such as pollution.

Pollution Standard

Pollution standards are regulatory norms established by governments or international bodies to limit the concentration of harmful substances released into the environment.

Social Rate

Often refers to the rate of return on a public investment or project that includes both the private and external benefits to society.

NPV Analysis

A method of calculating the present value of an investment's expected cash flows minus the initial investment cost to assess profitability.